Qualcomm Bets on Extended Reality as It Launches $100-Million Metaverse Fund

Qualcomm has set aside a fund of $100 million (roughly Rs. 760 crore) in a bid to accelerate the development of Extended Reality technology. It is called the Snapdragon Metaverse Fund and will be granted to XR developers. With this, Qualcomm has joined Apple, Microsoft, and Meta in progressing towards getting ready for the virtual universe.